FxWirePro: Singapore dollar trades flat in early Asia, bias remains neutral

• USD/SGD is currently trading around 1.3112 marks.
   
• It made intraday high at 1.3117 and low at 1.3107 levels.
   
• Intraday bias remains neutral for the moment.
   
• A daily close above 1.3122 will test key resistances at 1.3172, 1.3202, 1.3232, 1.3285, 1.3340, 1.3438 and 1.3532 levels respectively.
   
• Alternatively, a consistent close below 1.3072 will drag the parity down towards key support at 1.3005/1.2855/1.2754 levels respectively.
   
• Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart.

Positioning is inconclusive at this point, with prices offering no clear cut signal to initiate a long or short trade. We will continue to remain on sidelines for the time being.

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